Plain gold ring price drops sharply
As of 6:50 p.m., the price of SJC gold bars listed by DOJI Group was at 82.7 - 85.2 million VND/tael (buy - sell).
Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 82.7 - 85.2 million VND/tael (buy - sell).
As of 7:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 82.3 - 84.4 million VND/tael (buy - sell), down 2 million VND/tael for buying and down 1.4 million VND/tael for selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 82.23 - 84.43 million VND/tael (buy - sell); down 2.35 million VND/tael for buying and down 1.55 million VND/tael for selling. See more...
Gasoline prices are expected to increase
On the morning of November 26, world oil prices fell sharply, with Brent crude falling by 2.16 USD, or 2.87%, to 73.01 USD/barrel; while WTI crude also lost 2.3 USD, or 3.23%, to 68.94 USD/barrel.
Speaking with Lao Dong, a representative of the Vietnam Commodity Exchange - MXV said that at the end of yesterday's trading session, oil prices fell sharply after news that Israel and Lebanon had agreed to some terms of the agreement to end the conflict between Israel and the Hezbollah armed forces.
Israel also said its cabinet will meet today (November 26) to approve a ceasefire with Hezbollah. The prospect of a ceasefire agreement has dispelled concerns about disruptions to oil supplies in the Middle East, thereby putting pressure on world oil prices.
In addition, the agreement will reduce the likelihood that the Trump administration will tighten sanctions on Iran's oil sector in January 2025, according to Rob Thummel, a portfolio manager at Tortoise Capital.
The agreement by Hezbollah, the Iran-backed militia, to a ceasefire would give the US less reason to pressure the Tehran government, reducing the risk of disruptions to oil supplies from Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), which currently produces 3.5 million barrels per day.
The prospect of abundant supply amid a lackluster oil market has put pressure on oil prices yesterday.
The US is also preparing for the Thanksgiving holiday, so industrial production, commercial transportation and goods trading activities may decline, thereby weakening demand and pushing oil prices down.
For the domestic market, gasoline prices are currently linked to the world market, so according to the forecast of a number of gasoline distribution and trading enterprises in Hanoi, in the next adjustment session (Thursday, November 28, 2024), gasoline prices are expected to increase simultaneously.
Of which, E5 RON 92 gasoline is forecast to increase by 600 VND/liter; Ron 95 gasoline is forecast to increase by 450 VND/liter; DO oil is forecast to increase by 360 VND/liter. The above forecast prices do not take into account the authorities' allocation or use of the Petroleum Price Stabilization Fund. In case the regulatory agency uses it, the gasoline price will increase less. See more...
Coffee prices continue to rise
As of 11:30 a.m. today (November 26), the domestic coffee market continued to break out, increasing by an average of VND1,400/kg, causing prices to fluctuate between VND120,300 - VND121,400/kg. The average coffee purchase price in the Central Highlands provinces is VND121,300/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands. Compared to yesterday's closing price, coffee prices in this region stood at 120,300 VND/kg, although the strongest increase was 1,500 VND/kg.
In the same direction, the coffee purchasing price in Gia Lai and Dak Lak provinces today was listed at 121,300 VND/kg, up 1,300 VND/kg and 1,400 VND/kg respectively.
Notably, Dak Nong today firmly holds the position of having the highest coffee purchasing price in the country, increasing by 1,400 VND/kg, setting the mark at 121,400 VND/kg.
The domestic coffee exchange continues its series of unexpected increases. Up to this point, domestic coffee prices have increased by more than 11,000 VND/kg, surpassing the peak of 120,000 VND/kg. See more...
Black Friday market is empty of buyers
Despite streets like Cau Giay, Tran Duy Hung, Chua Boc... being flooded with signs, posters, advertisements, and deep discounts of 70-90%, the number of people going in and out of stores can be counted on the fingers.
In contrast to the enthusiastic mood of brands promoting massive discounts, this year's buyers are no longer too interested in the sale event considered to be unique. Partly because of the impact of economic difficulties, consumers are cautious in spending decisions. On the other hand, at some stores, many "sisters" go in and then go out because of unattractive designs, even inventory.
Sharing with Lao Dong reporter, Ms. Tran Thanh Mai (Ha Dong, Hanoi) said: "Before going to the store, I looked at the designs on social networking platforms and also intentionally targeted a few sets of clothes for myself."
"However, when I went directly to the store, the color of the clothes was somewhat different from the picture, the design was a bit old, not attractive enough for me to spend money to buy it," Ms. Mai shared and sadly left "empty-handed".
